Under the signed bill, Santa Clara’s transit agency may acquire property for housing projects within one-quarter mile of existing or future transit facilities that favor its workers.
VTA may acquire property for housing projects that favor its workers and sit within one-quarter mile of existing, planned, or proposed transit facilities. Projects must follow local zoning, and VTA may admit others under applicable laws and regulations.
VTA may build rentals for workers and homes for sale that offer them housing opportunities, subject to local zoning. Employee units must stay affordable to lower or moderate income households for at least 55 years for rentals and 45 years for sales.
By December 31 each year, VTA must tell state lawmakers about planned and pending employee housing projects, including how many homes each would have and their affordability levels.
VTA may acquire property for employee housing projects. The projects must be tied to an existing, planned, or proposed transit facility and sit within one-quarter mile of it. The projects must give VTA workers a preference. VTA may admit other residents under applicable laws and regulations and may give workers priority. Projects must follow local zoning rules. Employee housing VTA builds under this authority must follow fair housing laws.
VTA may build affordable rentals for workers and affordable homes for sale that give workers more housing options. Employee units in both kinds of housing must be affordable to households with lower or moderate incomes. Employee units must have recorded limits that keep them affordable, and VTA must ensure those limits are followed. Projects must follow local zoning rules. Affordability limits must last at least 55 years for employee rental units and at least 45 years for employee units offered for sale.
VTA must report to state lawmakers each year on its employee housing projects. Reports must cover plans for new projects and the status of pending projects, including the number of homes and their affordability levels. The report is due on or before December 31 each year.
No hearings or votes scheduled.